Musicworks Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 212,205 | 258,708 | −46,503 | 1.9 | 77% |
| 2021 | 128,396 | 99,711 | 28,685 | 8.4 | — |
| 2022 | 156,583 | 150,517 | 6,066 | 6.1 | — |
| 2023 | 146,197 | 187,615 | −41,418 | 2.2 | — |
In its most recent public year (2023), this organization spent $41,418 more than it brought in. Its reserves stood at about 2.2 months of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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